SBI numbers to decide Market mood: Ajay Bagga

In a chat with ET Now, Ajay Bagga, Market Expert, discusses what the trigger points are likely to be today

ET Now: How does the market take to Janet Yellen statement? How does Asia react? How does the Indian market react? Do we go below 7200 and make a dash for 7000 perhaps in about two week’s time from now? Give us your immediate reaction to the market tomorrow given the cues that we have got today.

Ajay Bagga: See looking at the US markets the futures trimmed their gains. The dollar rally shrugged off her statement. So not much can be made out of this statement. The market in anticipation of that moved up. We will get a little bounce if Europe and US end up strongly as they are showing right now. If they continue that strength, we go up a little but a lot will depend on SBI numbers and if there is slippage, then that will take the market down. However, before budget you are probably looking at 7000.